Premium activewear brand Sweaty Betty is being bought by US giant Wolverine for nearly £300. The 23-year-old London company has been a winner from the athleisure trend and this has boosted its value in recent years
The owner of Merrell, Sperry and Hush Puppies announced a 16.1% decline in its Q1 revenues on Wednesday, although the company insisted that it is well positioned to “emerge even stronger” from the Covid-19 crisis.
A number of fashion and beauty industry players announced initiatives to support Covid-19 relief on Wednesday, with Estée Lauder and PVH both pledging $2 million, while VF revealed a donation of $1.5 million.
Footwear maker Wolverine Worldwide is facing a series of lawsuits for chemical dumping that contaminated wells on private property in Michigan with ingredients known to cause cancer, thyroid issues and other diseases.